Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Swatch Group is not taking special short-term action in Hong Kong

Published 10/03/2019, 08:36 AM
Updated 10/03/2019, 08:41 AM
Swatch Group is not taking special short-term action in Hong Kong

BIEL, Switzerland (Reuters) - Swatch Group (S:UHR) is not taking any special short-term action in Hong Kong where sales have been hit by escalating political protests recently, the head of the world's biggest watchmaker said at a press conference on Thursday.

"We are all hoping the situation will get better, we are not taking any special short-term actions. We hope for the people there that a solution will be found," Chief Executive Nick Hayek told journalists at the inauguration of the new headquarters for its Swatch brand in Biel in western Switzerland.

Hayek declined to comment on the sales outlook for this year, but said the group that also makes Omega and Longines timepieces was seeing good growth in 95% of its markets, particularly in the United States and Japan.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.